According to the Law of Diminishing Returns, the Longer We

question 25

Multiple Choice

According to the law of diminishing returns, the longer we live, the:

• A) more we will be willing to pay for medical care than for other goods and services.
• B) larger the burden on taxpayers to finance retirement for retirees.
• C) less energy we will use.
• D) less medical care we will need.
• E) lower our incomes.

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Definitions:

Life Expectancies

Life expectancy is the statistical measure of the average time an organism is expected to live, based on the year of its birth, its current age, and other demographic factors.

Estrogen

A collection of steroid hormones essential for the development and management of the reproductive and sexual functions in females.

Progesterone

A steroid hormone released by the corpus luteum that prepares the endometrium for the potential of pregnancy after ovulation.

Cataracts

A medical condition in which the lens of the eye becomes progressively opaque, leading to blurred vision and, potentially, blindness.